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Adler Group S.A.
ISIN: LU1250154413
WKN: A14U78
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Adler Group S.A. · ISIN: LU1250154413 · EQS - Company News (172 News)
Country: Luxembourg · Primary market: Luxembourg · EQS NID: 1718745
05 September 2023 08:54AM

Adler Group S.A. announces the sale of a Berlin-based development project


EQS-News: Adler Group S.A. / Key word(s): Disposal
Adler Group S.A. announces the sale of a Berlin-based development project

05.09.2023 / 08:54 CET/CEST
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

 

Adler Group S. A. announces the sale of a Berlin-based development project

 

 

Luxembourg, 5 September 2023 – Adler Group S. A. ("Adler Group") today announced the completion of the sale of the Staytion - Forum Pankow development project in Berlin.

Consus Real Estate AG, a subsidiary of Adler Group, has sold its shares in the joint venture to its JV partner Kondor Wessels.

The transaction, which was completed in August, generated proceeds of approximately €36 million for the Adler Group.

The transaction contributes to the stated goal of further deleveraging the group in 2023 and beyond.

 

 

Contact:

 

Investor Relations:

T +352 278 456 710

F +352 203 015 00

E investorrelations@adler-group.com

 


 


05.09.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Adler Group S.A.
55 Allée Scheffer
2520 Luxembourg
Luxemburg
Phone: +352 278 456 710
Fax: +352 203 015 00
E-mail: investorrelations@adler-group.com
Internet: www.adler-group.com
ISIN: LU1250154413
WKN: A14U78
Indices: FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX
EQS News ID: 1718745

 
End of News EQS News Service

1718745  05.09.2023 CET/CEST

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(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

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